BIODIESEL 2020: A GLOBAL MARKET SURVEY
(Houston, TX) Biodiesel 2020: A Global Market Survey is designed to help financiers, producers, developers, distributors, consultants and analysts with a fact-filled market guide detailing medium and long-term trends and developments in the Biodiesel sector. This study focuses on market fundamentals, emerging market trends, long-term forecasts and scenarios, and case studies of existing and up and coming biodiesel producers and distributors.
"The global market for biodiesel is poised for explosive growth in the next ten years. Although Europe currently represents 90% of global biodiesel consumption and production, the U.S. is now ramping up production at a faster rate than Europe, and Brazil is expected to surpass U.S. and European biodiesel production by the year 2015," says William Thurmond, Author of Biodiesel 2020 and Director of Management Consulting at Emerging Markets Online.
"It is possible that Biodiesel could represent as much as 20% of all on-road diesel used in Brazil, Europe, China and India by the year 2020. If governments continue to aggressively pursue targets; enact investor-friendly tax incentives for production and blending; and help to promote research & development in new biodiesel feedstocks such as algae biodiesel, the prospects for biodiesel will be realized faster than anticipated. Biodiesel 2020 finds that each of these variables will be essential to the eventual success of these targets" author William Thurmond notes.
In the USA, the market for biodiesel is growing at an alarming rate. From 2004 to 2005, biodiesel consumption in the U.S. grew from 25 million gallons per year to 78 million gallons in 2005. Biodiesel production in the U.S. is expected to reach 300 million gallons by the end of 2006, and to reach approximately 750 million gallons per year in 2007. Demand for biodiesel in the U.S. has grown so fast in the first half of 2006 that the sixty five or so existing major biodiesel plants are barely able to keep up. To meet this demand, over fifty new, larger-scale plants are in construction and are expected to come online between late 2006 and 2008. Not only will these fifty plants more than double the U.S. production capacity, but the size and production volumes the new plants are much bigger on average. The new study Biodiesel 2020 observes geographic shifts in biodiesel production plants, distribution facilities and downstream locations into new areas and coastal regions.
The biodiesel market in the U.S. has significant amount of room to grow to reach the status of its European counterparts. In Europe, biodiesel represents 2% of total on-road transportation fuel consumption and is expected to reach 6% by 2010. The total biodiesel being sold in the U.S. amounts to less than 1/2 of 1% of all petro-diesel on-road consumption in 2005. There are promising growth indicators for the future of the U.S. biodiesel markets. The number of retail outlets for biodiesel in the U.S. grew more than three fold from 300 in 2005 to over 950 retail sites so far in 2006.
In other parts of the world, biodiesel is becoming increasingly important as governments react to growing petroleum import dependency and enact new alternative fuels policies and targets. Economic and environmental security concerns are giving birth to new government targets and incentives in China, India, Brazil and Europe aimed at reducing petroleum imports and increasing the consumption and production of alternative and renewable fuels.
Biodiesel 2020: A Market Survey is now available at http://www.emerging-
